Tag: Motley Fool

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Shares of Tesla (NASDAQ: TSLA) were moving higher today after the leading electric vehicle (EV) maker surprised investors by announcing price hikes on its Model Y crossover vehicle over the weekend.

The price increase bucks the recent trend in the EV industry, as prices have fallen due to increasing competition and plateauing demand from car buyers.

As of 2:14 p.m. ET, Tesla stock was up 6.2% on the news.

Tesla Model Y prices are going back up

Tesla announced two separate price hikes on its Model Y, the world’s top-selling vehicle.

First, the company said on Friday that it would raise prices by $1,000 on all Model Y vehicles in the U.S. by April 1. Then on Saturday, it announced that it would raise prices in several European countries on the crossover SUV by 2,000 euros, or $2,177.

The company had also raised the price in the U.S. of the Model Y rear-wheel drive and long-range trims by $1,000 on March 1.

CEO Elon Musk explained the move as a seasonal one, saying that consumer demand is seasonal, though manufacturing needs to be steady throughout the year. Car-buying tends to pick up in the spring in the U.S. as Americans receive their tax refunds.

What’s next for Tesla?

Some analysts speculated that the decision could be more geared toward giving first-quarter deliveries a sales bump at the end of the quarter, as higher prices could persuade hesitant buyers to make a purchase.

Goldman Sachs, for example, lowered its price target on the stock after channel checks showed Q1 deliveries tracking lower than previously expected, at just 435,000. Deutsche Bank also said the move was designed to boost first-quarter sales.

Nonetheless, the price increase should help lift profit margins in the second quarter, which have been falling over the last several quarters.

With the stock still down sharply this year, the news also gives Tesla bulls a reason to be optimistic, though the company is still sensitive to overall demand trends in electric vehicle stocks. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Tesla stock was climbing today appeared first on The Motley Fool Australia.

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Motley Fool contributor Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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I love ASX-listed exchange-traded funds (ETFs) that can give exposure to businesses that we can’t find on the ASX.

It’s important to remember that the ASX only accounts for 2% of the global share market. Thus, there are opportunities beyond our shores, including some high-quality companies listed in the US and Europe.

Now, past performance is not a guarantee of future performance, but I’d give the below two picks a great chance of outperforming the S&P/ASX 200 Index (ASX: XJO) over the long term.

VanEck MSCI International Quality ETF (ASX: QUAL)

This fund invests in a global portfolio of 300 companies across a range of countries and sectors.

But, what ties all of these businesses together is that they are ranked as the highest quality names. They all have a high return on equity (ROE), earnings stability and low financial leverage. In other words, they make strong profits, the profit doesn’t normally go down substantially, and they have strong balance sheets.

Around three-quarters of the portfolio comes from the US, and a number of other countries have a weighting of at least 1% including Switzerland (5.2%), the UK (3.6%), Japan (3.3%), the Netherlands (3.1%), Denmark (2.9%), France (2.2%), Canada 1.2%) and Sweden (1%).

The position sizing can change, but at the moment the biggest five holdings are: Nvidia, Microsoft, Meta Platforms, Apple and Eli Lilly.

I wouldn’t expect recent exceptional performance to continue (it has gained 40% over the past 12 months). In the past five years, the QUAL ETF has returned an average of 17.75% per annum – I believe it can outperform the ASX 200 over the long term, though I expect volatility along the way.

Betashares Global Cybersecurity ETF (ASX: HACK)

This ASX ETF is focused on a particular sector, rather than the whole market.

As the name suggests, it enables Aussies to invest in the global cybersecurity sector, though most of the portfolio (around 80%) is invested in US-listed businesses.

As the world becomes more technological and there’s more digital adoption, there becomes a greater need for cyber protection. There are also more cybercriminals wanting to do harm.

For example, in Australia, the ASD Cyber Threat Report 2022-2023 revealed that the average cost of cybercrime per report increased by 14% and the number of cybercrime reports rose by 23% to 94,000. It also answered over 33,000 calls to the Australian cybersecurity hotline, an increase of 32%.

If this is repeated in many countries worldwide, it may suggest that there will be a strong growth rate for cybersecurity companies for years.

Some of the biggest positions in the portfolio include Crowdstrike, Broadcom, Infosys, Cisco Systems and Palo Alto Network.

The post 2 great ASX ETFs I’d buy and hold forever appeared first on The Motley Fool Australia.

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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, BetaShares Global Cybersecurity ETF, Cisco Systems, CrowdStrike, Meta Platforms, Microsoft, Nvidia, and Palo Alto Networks. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Broadcom and has recommended the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has recommended Apple, CrowdStrike, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX shares can be a powerful way to generate passive income. In this article, I’ll discuss four picks that offer great dividends.

I’m not just looking for the biggest dividend yield as very high yields are not always sustainable. Instead, I like to find businesses delivering good organic operational growth because that is what can unlock capital gains.

If I were investing $30,000, I’d be very happy to spread the money across the below four stocks.

Healthco Healthcare and Wellness REIT (ASX: HCW)

As the name suggests, it’s a real estate investment trust (REIT) that owns buildings in the healthcare and social space. Hospitals are one of the main categories of property within the portfolio.

It’s indirectly benefiting from tailwinds like the ageing population and the growing Australian population.

The ASX share has an occupancy rate of 99%, with 75% of its leases linked to CPI – it’s generating solid rental growth. The business also has a large development pipeline worth at least $1 billion, which can generate further rental profits. The weighted average lease expiry (WALE) is around 12 years, suggesting appealing long-term rent is locked in.  

It’s expected to pay a distribution of 8 cents per unit in FY24, which would be year-over-year growth of 5%. This would be a distribution yield of 5.6%.

Telstra Group Ltd (ASX: TLS)

Telstra is the leading telecommunications company in Australia. One of the most attractive elements of the business is that it continues to win new subscribers. Spreading more subscribers over the same network has the potential to increase profit margins. Not only that, but its average revenue per user (ARPU) is rising.

The business has a goal of increasing the annual passive income per share for shareholders over time.

It’s projected to pay an annual dividend per share of 18 cents per share in FY24, which would be a grossed-up dividend yield of 6.7%. By FY26 it could be paying an annual dividend per share of 20 cents, which would be a grossed-up dividend yield of 7.4%.

Metcash Ltd (ASX: MTS)

Metcash is the ASX share that supplies a large number of food and liquor businesses including IGA, Cellarbrations, The Bottle-O, IGA Liquor, Porters Liquor, Thirsty Camel, Big Bargain Bottleshop and Duncans.

It also has a hardware division which includes the businesses Total Tools, Mitre 10, Home Timber & Hardware and other smaller names. It recently announced it’s acquiring one of the largest frame and truss businesses.

I like the move by the business to acquire Superior Food, an industry leader servicing a broad range of customers across the food service sector. It has partnerships with mining sites, restaurants, cafes, canteens, caterers, schools, universities, healthcare and aged care facilities.

The ASX share is committed to a passive income dividend payout ratio of 70% of underlying net profit after tax (NPAT). It’s projected to pay a grossed-up dividend yield of 7.3% in FY24.

Centuria Industrial REIT (ASX: CIP)

This is another REIT that has impressive metrics and a strong rental outlook. It has a portfolio occupancy rate of 97.2% and a portfolio WALE of 7.5 years.

One of the most impressive elements is that in the FY24 first-half result, it achieved positive re-leasing spreads of 51% across 17 transactions. This essentially means its rental income is 51% higher on the new rental contracts compared to the former contract.

This extraordinary rental income growth shows the huge demand for logistics properties and could unlock excellent rental profit growth in the coming years as all of the contracts come up for renewal.

The ASX share has identified a $1 billion future urban infill industrial development pipeline, “capitalising on sustained tenant demand”, in the business’ words.

It’s expecting to pay a distribution of 16 cents per unit in FY24, which would be a distribution yield of 4.5%. I expect the distribution to grow significantly over the rest of the decade.

The post Where I’d invest $30,000 in ASX shares for passive income appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Metcash. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Metcash. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Do you own shares of ASX 200 annuities provider Challenger Ltd (ASX: CGF)? Well, you’re in luck, because today, there’s some cash coming your way. That cash will come in the form of Challenger’s latest dividend, of course.

In the middle of last month, Challenger, like many ASX 200 shares, gave investors a look at its latest earnings report. In this case, it was a fairly pleasing report for shareholders to read through. For the six months ending 31 December 2023, the company reported total assets under management of $117 billion, which represented an 18% increase year on year.

Challenger also delivered a normalised net profit before tax of $290 million, up 16% over the same period in 2022. That helped the company report a statutory profit after tax of $56 million, up 80%.

This all enabled Challenger to declare an interim dividend of 13 cents per share, fully franked, for the half. That was up 8% over the interim dividend of 12 cents per share investors enjoyed this time last year.

So this dividend is obviously the paycheque we’re discussing today.

Unfortunately, if you don’t already own this stock, the ex-dividend date for the payment (20 February) has already passed us by. But if you owned shares before that ex-dividend date, you are indeed eligible for today’s payment.

Today’s interim dividend of 8 cents per share compliments the final dividend of 12 cents per share (also fully franked) that investors enjoyed back in September of last year. It takes Challenger’s annual dividend total to 25 cents per share.

At Challenger’s closing share price (as of yesterday afternoon) of $6.65, this gives the company a dividend yield of 3.76%.

Challenger share price snapshot

This stock has had a moderately positive, if not wildly successful, few months on the share market. The Challenger share price is up 1.84% year to date, as well as up 7.26% over the past 12 months.

At this share price, Challenger has a market capitalisation of $4.59 billion, with a price-to-earnings (P/E) ratio of 27.86.

The post Own Challenger shares? There’s cash coming your way today appeared first on The Motley Fool Australia.

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• If I buy $8,000 of Challenger shares, how much passive income will I receive in 2024?
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Challenger. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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If you’re looking for ASX tech shares to buy, then it could be worth checking out Chrysos Corporation Ltd (ASX: C79).

In case you’re not familiar with Chrysos, it provides technology solutions to the global mining industry.

Its flagship product is PhotonAssay, which was developed at Australia’s national science agency, CSIRO.

PhotonAssay delivers faster, safer, more accurate, and environmentally-friendly analysis of gold, silver, copper and other elements. The company notes that the technology has rapidly displaced slower, more hazardous and costly processes to become the mining industry’s most innovative and valuable assaying solution.

Last month, the company revealed that its growing popularity with end users helped underpin a sizeable 62% increase in revenue to $19.8 million during the first half of FY 2024.

Why is Chrysos an ASX tech share to buy?

Bell Potter notes that UK-based mining services provider Capital has just released its results and outlook for 2024.

Its subsidiary MSALABS has the largest international network of Chrysos PhotonAssay technology.

According to the note, deployments into MSALABS’s network is on track and the company has reiterated its multi-year expansion strategy, which emphasises PhotonAssay deployments.

Bell Potter highlights that Capital advised that “MSALABS relationship with Chrysos remains strong and will see the deployment of 21 units” in 2024. This compares to its previous guidance for these 21 deployments to be made by 2025.

It sees this as a big positive and appears to believe it supports its view that PhotonAssay is on its way to winning a significant market share. It commented:

We believe C79’s disruptive PhotonAssay technology will command a significant foothold within the large gold assaying market (BPe 25% market penetration by FY30), with current lease agreements providing good near-term deployment visibility. These lease agreements with some of the largest gold miners and international laboratory businesses provide third-party technical and commercial validation for PhotonAssay technology adoption, which should support further industry take-up.

Big returns could be coming

The note reveals that Bell Potter has reaffirmed its buy rating on the ASX tech share with a price target of $8.30.

Based on its current share price of $6.55, this implies potential upside of approximately 27% for investors over the next 12 months.

The post Why Bell Potter thinks this ASX tech share is a top buy appeared first on The Motley Fool Australia.

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More reading

• Buy this ASX All Ords stock for a 15% gain and 9% dividend yield
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• The best ASX shares to invest $500 in right now

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s always nice to be able to find an ASX All Ords stock that offers both market-beating gains and above-average dividend yields.

The only problem is that they are few and far between on the Australian share market.

But Goldman Sachs thinks it has identified an ASX All Ords stock that could do just this. That is fund manager GQG Partners Inc (ASX: GQG).

What is the broker saying about this ASX All Ords stock?

Goldman notes that GQG Partners has announced plans to acquire minority interests in Avante Capital Partners, Proterra Investment Partners, and Cordillera Investment Partners from Pacific Current Group Ltd (ASX: PAC).

This will create GQG Private Capital Solutions (PCS), which the company believes can become a strategic partner of choice for middle market private capital investment managers and offer compelling investment opportunities for clients.

Goldman is positive on the plan, it commented:

We think this acquisition is consistent with GQG’s strategy and is a capital light approach to gain exposure to private markets (credit and equity) through debt financing. As stated, GQG’s PCS division will provide financing and strategic solutions.

And while the businesses being acquired have been performing mixed, the broker sees reason to be positive. It adds:

Based on company released funds data, these businesses being acquired have shown mixed FUM performance. We do note however that these businesses have a pipeline of new product launches + access to GQG’s global distribution capability and clients. We make no earnings changes as the acquisition is yet to complete.

Big gains and yields

As mentioned above, Goldman hasn’t made any changes to its estimates yet. For now, it is forecasting earnings per share of 12 US cents (18.3 Australian cents) in FY 2024 and 14 US cents (21.3 Australian cents) in FY 2025. This means its shares are changing hands at an estimated 11.3x FY 2024 earnings and under 10x estimated FY 2025 earnings. This is well below average.

As for income, the broker is forecasting unfranked dividends of 12 US cents (18.3 Australian cents) in FY 2024 and 13 US cents (19.8 Australian cents) in FY 2025

So, with this ASX All Ords stock currently trading at $2.08, this will mean dividend yields of 8.8% and 9.5%, respectively, for investors.

Goldman also sees 15.4% upside for GQG’s shares with its buy rating and $2.40 price target. This brings the total potential return on offer with its shares to approximately 24% over the next 12 months.

The post Buy this ASX All Ords stock for a 15% gain and 9% dividend yield appeared first on The Motley Fool Australia.

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More reading

• 2 ASX growth stocks I’d buy for rapidly rising profit
• I think they can! 3 ASX shares that can keep chugging higher
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Recommending Australian shares that an ASX investor can buy and reasonably expect to hold forever is no easy task. After all, forever is an awfully long time. Predicting what might happen on the markets tomorrow is difficult enough, let alone what a company might be trading for in five, ten or 20 years.

However, that won’t stop us today. As the legendary Warren Buffett once said, “I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years”.

So with that in mind, let’s talk about three Australian shares that I think are worth buying and holding today for a lifelong investment.

3 Australian shares to buy and hold forever

Woolworths Group Ltd (ASX: WOW)

First up is a company we’d all know well, I’d wager. Woolworths is one of the most prominent businesses in Australia. It boasts the largest network of supermarkets and grocers in the country and also owns the Big W department store chain.

My investing thesis for Woolworths is simple. More Australians choose Woolworths to shop for life’s essentials than any other consumer staples company. I don’t see our need to continually eat, drink and stock our households going away any time soon.

As such, I think this high-quality business is an Australian share you can comfortably hold forever. A recent share price dip doesn’t hurt either.

JB Hi-Fi Ltd (ASX: JBH)

Next up we have another popular shopping destination in JB Hi-Fi. This ASX 200 retail stock has proven to be something of a weathervane in recent decades. If you visited a JB store 30 years ago, you’d probably find it stocked with the latest hi-fi equipment.

But JB has proven it is highly adept at moving with the times. Today, it stocks far more consumer electronics, phones, computers and home appliances than hi-fi equipment (although the vinyl records aisle is still popular in most JB stores).

This Australian share has proven that it has what it takes to survive and thrive in today’s modern economy. I fully expect shoppers to flock to JB for decades to come.

iShares S&P 500 ETF (ASX: IVV)

Finally, we have an exchange-traded fund (ETF). The S&P 500 Index is the most widely-tracked index in the world It consists of the largest 500 shares listed on the US market. That’s everything from Apple, Netflix and Amazon to Adobe, Ford and PepsiCo.

Although the iShares S&P 500 ETF is an index fund with no exposure to Australian shares, I still think it’s a great investment for any ASX investor. The S&P 500 simply holds most of the best companies in the world. It has delivered meaningful returns over many decades. Even Warren Buffett has recommended it as an investment suitable for almost anyone.

Buffett has advised all investors to ‘never bet against America’, and so this all-American ETF is the final investment I envisage will prove to be a lucrative share to buy and hold forever.

The post 3 Australian shares to buy and hold forever in your ASX portfolio appeared first on The Motley Fool Australia.

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More reading

• Better buy: Coles or Woolworths stock?
• Can you buy Nvidia shares on the ASX?
• 3 ASX shares you can confidently invest $500 in right now
• Top ASX passive income shares to buy in March 2024
• 1 ASX 200 dividend stock down 13% in 2024 to buy right now

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Adobe, Amazon, Apple, Berkshire Hathaway, and PepsiCo. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adobe, Amazon, Apple, Berkshire Hathaway, Netflix, and iShares S&P 500 ETF. The Motley Fool Australia has recommended Adobe, Amazon, Apple, Berkshire Hathaway, Jb Hi-Fi, Netflix, and iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Thankfully for income investors, there are plenty of ASX dividend shares to choose from on the Australian share market.

But which ones could be buys this week?

Well, listed below there are three that analysts have rated as buys. Here’s what sort of yields could be on offer with these shares:

Endeavour Group Ltd (ASX: EDV)

The first ASX dividend share for income investors to look at this week is Endeavour. It is the drinks giant behind the leading BWS and Dan Murphy’s brands, as well as a large network of hotels.

It is the company’s “clear market leading position” and attractive valuation that Goldman Sachs likes. It currently has a buy rating and $6.20 price target on the company’s shares.

As for dividends, the broker is forecasting fully franked dividends of approximately 22 cents per share in FY 2024 and FY 2025. Based on the current Endeavour share price of $5.31, this will mean dividend yields of 4.1% for both years.

Stockland Corporation Ltd (ASX: SGP)

Another ASX dividend share that could be a buy is Stockland. It is known as Australia’s largest community creator, delivering a range of masterplanned communities and medium density housing in growth areas across the country.

Citi likes the company and believes it is well-placed to pay big dividends. It has a buy rating and $5.00 price target on its shares.

In respect to income, Citi is expecting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the current Stockland share price of $4.80, this will mean yields of 5.45% and 5.5% yields, respectively.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend share that could be a buy this week is Universal Store. It is the youth fashion retailer behind the eponymous Universal Store brands, as well as the Perfect Stranger and Thrills brands.

The team at Bell Potter is very positive on the company. So much so, it recently put a buy rating and $5.65 price target on its shares.

The broker believes the company is well-placed to pay fully franked dividends per share of 24 cents in FY 2024 and then 31 cents in FY 2025. Based on the current Universal Store share price of $5.05, this will mean attractive yields of 4.75% and 6.1%, respectively.

The post 3 ASX dividend shares to buy for a passive income boost appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Endeavour Group and Universal Store. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with the smallest of gains. The benchmark index rose slightly to 7,675.8 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to edge higher

The Australian share market is expected to edge higher on Tuesday following a positive start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 2 points higher. In late trade in the United States, the Dow Jones is up 0.35%, the S&P 500 is up 0.8%, and the NASDAQ is 1% higher.

RBA meeting

The Reserve Bank of Australia will be meeting today to decide on interest rates. Unfortunately for homeowners and borrowers, the central bank is largely expected to keep rates on hold at this meeting and through to at least September. The ASX 30 Day Interbank Cash Rate Futures March 2024 contract is currently trading at 95.685, which is indicating only a 5% expectation of an interest rate decrease to 4.10% at today’s meeting.

Oil prices surge

ASX 200 energy shares Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) could have a strong session after oil prices charged higher overnight. According to Bloomberg, the WTI crude oil price is up 2.45% to US$83.03 a barrel and the Brent crude oil price is up 2.1% to US$87.13 a barrel. Oil prices stormed higher on news of lower Iraq and Saudi exports.

New Hope results

The New Hope Corporation Ltd (ASX: NHC) share price will be on watch today when the coal miner releases its half-year results. The coal miner has already advised that it expects to report EBITDA of $425 million for the half. All eyes will be on its interim dividend, which is likely to be down approximately 50% on the prior corresponding period. This is due largely to weaker coal prices.

Gold price rises

ASX 200 gold shares including Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a decent session after the gold price edged higher on Monday. According to CNBC, the spot gold price is up 0.15% to US$2,164.4 an ounce. Traders were buying gold ahead of a number of central bank meetings.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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More reading

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• 2 ASX 200 shares to buy that are ‘catalyst rich’
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• 5 things to watch on the ASX 200 on Monday
• Here’s how the ASX 200 market sectors stacked up last week

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Many Australians have the impression that investing in stocks is only for rich people. 

But that cannot be further from the truth.

If you have just $500 you could make a pretty useful start to a portfolio.

I have taken the liberty of picking out the best ASX shares that could be ideal purchases for a few hundred dollars.

And for diversification, they’re all a bit different to each other.

One is a reliable growth exchange-traded fund (ETF), another is an explosive pharmaceutical stock that’s in a dip currently, and the third is a cloud computing and artificial intelligence (AI) play that’s already soared in recent times.

The best ASX shares for diversification

Regardless of how much you have to spend, I am a big fan of Vaneck Morningstar Wide Moat Etf (ASX: MOAT) as an excellent starter stock for a new portfolio.

This ETF tracks the constituents of the Morningstar Wide Moat Focus NR AUD Index, which are companies that are judged to have the biggest competitive advantages over their rivals and potential rivals.

Morningstar and many other investors call this concept an “economic moat“.

Looking at the current constituent list, there are some familiar brands such as Walt Disney Co (NYSE: DIS), Alphabet Inc (NASDAQ: GOOGL) and Nike Inc (NYSE: NKE).

Another benefit of the Wide Moat ETF is that the US stocks provide diversification from your other ASX holdings.

Chuck $500 on this one.

The ASX stock with explosive potential

Neuren Pharmaceuticals Ltd (ASX: NEU) was the best performer in the S&P/ASX 200 Index (ASX: XJO) last year with a spectacular 214% climb.

This year hasn’t been as kind though, with the healthcare company taking a 22.4% dive so far in 2024.

“A short report targeting Neuren’s US partner, Acadia Pharmaceuticals Inc (NASDAQ: ACAD), combined with unexpected holiday-period seasonality in sales for its flagship drug, Daybue, shook investor confidence,” Elvest analysts said in a memo to clients.

They are still confident in the Melbourne outfit’s long-term outlook.

“Our thesis for Neuren Pharmaceuticals is unchanged. New CY24 Daybue sales guidance of US$370 to US$420 million (+120%) underpins another solid year of royalty and milestone revenue for Neuren.”

All six analysts currently surveyed on CMC Invest reckon Neuren is a buy.

The best ASX shares to invest in artificial intelligence

While the ASX is short on companies that directly produce generative artificial intelligence, Nextdc Ltd (ASX: NXT) is going gangbusters.

As a provider of data centres, the company is enjoying high demand from the intensive resources required for AI and cloud computing generally.

To celebrate February 29, Moomoo market strategist Jessica Amir declared NextDC as one of the stocks she would buy and hold until the next leap year.

The business is at a “tipping point”, she said.

“Positioned to capture [and] generate AI opportunities… Market is telling you that it’s exciting about its future and that it’s essential in AI.

“Half of its revenue is from NSW and ACT — huge potential to expanding capacity and geographically — and it’s doing that.”

The post The best ASX shares to invest $500 in right now appeared first on The Motley Fool Australia.

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More reading

• 2 ASX ETFs that have made investors rich
• $20,000 invested in these ASX 200 shares 10 years ago is worth how much?
• Here are the top 10 ASX 200 shares today
• 5 ASX ETFs to buy and hold for 10 years
• 2 ASX shares I want to buy for the artificial intelligence (AI) revolution

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tony Yoo has positions in VanEck Morningstar Wide Moat ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Nike, and Walt Disney. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2025 $47.50 calls on Nike. The Motley Fool Australia has recommended Alphabet, Nike, VanEck Morningstar Wide Moat ETF, and Walt Disney. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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